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Quor, a provider of advanced Commodity Trading and Risk Management (CTRM) solutions, along with ClearDox LLC, an innovator in intelligent applications for commodity-intensive organisations, today announced their collaboration aimed at addressing the ‘automation gaps’ in the trading lifecycle. This partnership represents a noteworthy step in enhancing the effectiveness and impact of technological investments by their clients.
The intelligent applications developed by ClearDox utilise the latest AI technologies to digitise and automate essential business tasks and assets. They feature operational AI-models designed to close gaps in the commodity trade lifecycle, such as rekeying and matching inventory movement receipts or manually reconciling complex unstructured trades across counterparties and brokers.
The ClearDox applications are highly adaptable and integrate seamlessly into Quor’s core workflows.
Rick Nelson, CEO, ClearDox LLC said, “Whether it is addressing data locked in paper documents or dealing with the unsure nature of the quality and timeliness of the data used in making decisions, eliminating manual, disconnected processes is critical. While commodity organisations are increasing their technology spend to drive efficiencies and improve resiliency against an ever-expanding risk profile, most are still struggling.”
Through this partnership, Quor customers will be able to accelerate their adoption while rapidly expanding into new automation opportunities within the platform. Given the growing risk complexity and the importance of delivering efficiencies and improved cash management, the transformative capability of the combined solution will deliver a greater return on their Quor multi-commodity investment.
Steve Hughes, CEO at Quor Group said, “We are thrilled to partner with ClearDox to deliver greater value to our customers. The synergy between our platforms offers a compelling value proposition, empowering traders with unparalleled efficiency and insight throughout the commodity trading lifecycle. We are excited to leverage this partnership to drive innovation and create tangible value to our esteemed customers.”
